Archived about 1 month ago

$73,000

4 bd 2 ba 2888 sqft

510 W 4th St, Marion, IN 46952

Residential Duplex Off MLS

Current Rent

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 1444 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 1444 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes

Collect $1,850 /month OR MORE on this 2 Unit Duplex in Marion, Indiana!

This could be your next project!

This duplex has two 3 bedroom/1 bath units. The downstairs windows have already been replaced and the interior of the downstairs has been partially done. The upstairs will need renovation. It does have a metal roof which should last for many years and there is a new hot water heater for the lower unit. It is set up for tenants to pay utilities.

Upon completion the 3 bed units could generate a pro forma cap rate of 22.45%!

This property is in a good area that is being revitalized and is next door to the visitor center.

Check it out before it's gone!

Location:

510 W 4th St, Marion, IN 46952

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*The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.